Everyone who may have just heard the unprecedented rant by Jim Cramer bashing Bank of America, now that it is at its multi-year lows, may be a little confused. After all it was just on January 6, 2011, when Bank of America was at its multi year highs, that he released the following "report" titled "10 Reasons to Buy Bank of America." We all enjoy the laugh, but we ask Comcast? Is this is the comedian that CNBC wishes to destroy any remaining viewership it has and commit ratings suicide?

And since we frankly couldn't care less about CNBC's evaporating vierwship, here is Cramer's full take from January, which has cost those who listened to it, a nearly 50% loss in about 8 months.

Investors who want to bank on America’s return to greatness, Cramer said during Thursday’s “Mad Money,” should buy Bank of America.

He believes that job growth will return. He believes in stabilizing and then climbing home prices. He believes in even a rising standard of living and the inevitable return of investors to the market. Put simply, he’s bullish on America. And if you are, too, he thinks Bank of America is the way to play it.

Here are 10 reasons why you should get on board with Cramer:

Look at BAC’s chart going back to January 2007. Cramer said he’d heard more negativity about the bank and more downgrades of the stock between its move up to $14 from $12 than during its decline to $3 from $50. “This chart is screaming, ‘Buy me! Buy me! Buy me!’” Cramer said, “yet the bears are growling that Bank of America is the most dangerous bank to own in the world.”

Point two is directly related to point one in that BAC is not dangerous at all, Cramer said. The bank is well capitalized. So much so that there’s no need for it to raise more money. Certainly in what Cramer described as “a world full of dangerous banks,” Bank of America does not rank among them.

Reason three is the fact that Bank of America is about to reinstate its dividend, Cramer said. Investors seemed to love the stock until the dividend was cut, and now they hate BAC when the payout’s coming back? Cramer doesn’t get it, especially when you consider capital the bank is sitting on. He thinks that means dividend boosts are on the way.

Then there’s the huge market share that Bank of America captured during the downturn. The company now controls, thanks in part to the addition of Countrywide Financial, 20 percent of the mortgage market. That should translate into a huge windfall once the housing market improves.

Speaking of housing, Cramer said Bank of America owns the most houses in the U.S. Admittedly, that was a result of some pretty bad underwriting. Regardless, though, this so-called shadow inventory will turn into a boon in 2011 as job growth gives rise to housing demand, and BofA serves as home supplier to the nation.

Reason number six is Ben Bernanke, who wants American banks strong and healthy. By keeping the interest rate that banks pay you for your deposits low, Bernanke has allowed Bank of America and others to make more from the interest rate they charge for loans. And when you factor in this company’s huge deposit base, Cramer said, BAC makes money “simply by turning the lights on everyday.”

Merrill Lynch, meanwhile, offers what Cramer called “the most powerful network of high-net-worth advisors in the country,” which is perfect now that investors look ready to leave bonds and move back into stocks. And unlike Countrywide, Merrill’s reputation was never tarnished.

Number eight here is jobs. Steady employment leads to increased credit and borrowing, and that means more profits for Bank of America. Cramer said he almost hopes that Friday’s job number will be weak just so investors can get into BAC on a dip, because the employment trend in America is headed in the right direction.

And don’t forget that the Republicans now control the House of Representatives. So say hello to a hands-off approach to regulation, regardless of the reform bill that was passed this year. Of course, consumers will be paying higher fees for their checking accounts, but that’s some great no-risk income for the banks.

Finally, the company’s put-back mortgage exposure to Fannie Mae and Freddie Mac has turned out to be miniscule compared to what the bears thought. “And now that that risk is taken off the table,” Cramer said, “this is big.”

When this story published, Cramer's charitable trust owned Bank of America.

when that yid used to own a hedgefund, he used to destroy computer monitors all the time and yell and scream and throw things at his employees. i promise you this. if he ever threw something at me, that would be the last fucking time that bozo acted like a fool.............

With all these ETF firms running out of fresh ETF ideas, couldn't someone start an Inverse Jim Cramer ETF? Symbol JCBS? Take every recommendation buy and sell, and do the exact opposite (like George Costanza in the great Seinfeld episode).

He'll make as many calls as TPTB need. This is vintage Cramer, he was better suited to Seinfeld. Believe me, if anyone makes money with Cosmo there, its just a happy coincidence. I can't beleive he's still on either.

"Merrill came under pressure to find a merger partner came after its liquidity began "evaporating" Friday and the firm became worried about a sharp decline in share price on Monday, according to people inside the firm.

Merrill is expecting huge job losses with the merger. The brokerage division will stay intact, but there will be large-scale reductions in workforce. CEO John Thain is also expected to leave.

A Merrill Lynch spokeswoman and a Bank of America spokesman could not immediately be reached for comment.

Merrill, stuck with some of the same toxic debt -- much of it mortgage-related -- which torpedoed Lehman's balance sheet, has been hit hard by the credit crisis and has written down more than $40 billion over the last year.

I don't have TV so I have never seen Cramer before , but having seen that clip , well no wonder America is fucked I mean people actually listen to him . Years ago I bought AU/AG and felt kinda bad because in the long run I knew I was betting against America surviving , well I feel a whole lot better now .

I have been a big fan of Cramer for a long time, however since getting the gig on the floor of the exchange daily he has become more of a buffoon, and I have lost much respect for him and his antics in the last 12 months, his time has passed and I do believe that he is costing people serious money.

The Winners of the New World
By Jim CramerFebruary 29, 2000 - 09:42 AM EST

Editor's Note: James J. Cramer is the keynote speaker at the 6th Annual Internet and Electronic Commerce Conference and Exposition, held today at the Jacob Javits Center in New York City. We're running the full text of that speech here.

You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over -- and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come.

Just skip to 3:10 (because Jon get's a lot wrong about Santelli, IMO, but NAILS the rest - regardless of how you or I feel about him - CNBC's tape speaks for itself, sadly, in which CNBC recommends buying Bear Stearns, AIG, and Bank of America, among many others, at or near their all time highs).

I think that since the OBAMA "Immaculation", CNBC has transformed itself into a political format disguised as a business channel. How else do you explain hiring Howard Dean as the channels official political officer ;)

AS to Cramer, he hasn't been the same since Jon Leibowitz aka Steward distroyed him after his rant about how he (Cramer) was going to raise an army to do battle with HopeanChange OBAMANOMICS.

not to defend Cramer who is at the same class as ZH, ZH has been bearish on US quity since 03/2009, my take is ZH missed the entire bull run. And now ZH picks up some Cramer's wrong calls to laugh about him?

Because it was not a bull run. It was an artificially inflated market backed by false money and the expansion of debt which can only result in a total collapse of epic proportions. Also if you look at the market in dollar terms it actually did not go up at all. Just as you can get inflation in real goods you can get inflation in stocks. The only thing that happened is that it takes more dollars to buy just about everything, the actual product didn't change its value at all.

You should read your history and look what happened to the market right after 1929. I bet people were proclaiming the crash was not the start of an economic downturn that would last and the roaring bull market of the 20s had returned. Only to completely collapse when the country realized there was no real economy and the consumption bubble of the 20s could not be sustained.

Maybe you should just read ZH (or don't) and think for yourself. That could be the answer you're looking for (or not). However I should warn you, thinking requires some thought, and since you don't seem to be all that keen on that part of the 'equation', maybe sticking to internet posts is best. Have a good one.

Wall streets pitch man. Period! I love how he acts so concerned about "homegamers" or "the little guys". All while he pitchs his bullshit realmoney crooksite, which it is clear as day are a bunch of cons. Just do the oppisite of what ever these (and anyone on cnbc) assclowns say. Fucking crooks should be hung up and beaten as well as every penny they have taken.

The worth of a soothsayer is to be consistent be it either right or wrong. In Crammer's case, he's always wrong, which is ok provided you understand that he's always wrong and understand the worth of consistency.

And today this man was calling ECB chairman "Moron" for not printing enough money!!! These are the kind of people who deserve to get fired and join the queue of unemployed and food stamps, maybe then we would have a real recovery

Is this the man? Is this the man that threw a man thru Brian Moynihan's window? Is this the man that put a banana in the tailpipe? Is this the gentleman who ruined the buffet at the Harrow's club this morning?

Seems to me back when I got my NASDQ licensure we were told that we could now legally give investment advice though it was against my sponsor company's policy in most cases, they would do the stock/investment picking thank you minions, but I recall we were also told that should our licenses be suspended or allowed to lapse as I allowed mine to that we could give a personal opinion of markets or particular stocks or investment vehicles, but be clear that it is not meant to be taken as actual investment advice, because if someone knows you are or were a stockbroker and they act on your recommendation or "advice," and they lose money at it they can sue and the more money involved the more likely they are to just that.

It seems to me Mr. Cramer is misrepresenting himself as some kind of expert, I find him way too annoying to have ever watched him though I have come across his show when channel surfing, I can't imagine the personality type that would enjoy his program, nor do I like to think of the sad people that think he represents real investment advice. But of course the problem is some people do think he is the real deal, and I have heard him ranting on in such a way as to lead one to believe he has some inside knowledge about future trading and pricing.

I also seem to recall that there is a frequent disclaimer from CNBC to the effect that his opinions are not necessarily.... you know the standard disclaimer stuff. And I have been at ZH long enough to know that a fair chunk of you believe totally in caveat emptor, with no regulatory or consumer protection at all. But, when I see Cramer acting like a mental patient and pushing a stock or family of investments gimmicks I have to think in spite of the disclaimers he is acting as a self appointed investment advisor and CNBC is supporting him by broadcasting it. He and the network should be as liable for losses on bad investment advice as any stockbrokerage, especially if a connection can be shown between the investments they push and any other entity that profited from them getting the public to buy (or sell) that product.

But alas, as we have seen since 2001 there is scant if any enforcement of any type or gravity of any criminal behaviors in the financial world, other than maybe three or four headline for show cases of insider trading and of course an after the theft arrest of Bernie M. It was well know for a decade he was running a huge Ponzi but nothing was done till the scam collapsed. Too bad, because faith in the fairness of the system is one of the cornerstones of capitalism without which it cannot operate. No trust = no formation of pools of capital.

I watched the flashcrash last year as he was talking... it was unreal. If you go back and look at the tapes, he was talking about if the market were to suddenly fall... and it did.

Cramer is a great stock man... but when he talks and because he is followed so much, his comments can move markets. All you need is some 30-something geek playing with HFTs and you have massive movement. This is not healthy.

THE FORMER PRESIDENT OF THE WORLD BANK, JAMES WOLFENSOHN, MAKES STUNNING CONFESSIONS AS HE ADDRESSES GRADUATE STUDENTS AT STANFORD UNIVERSITY. HE REVEALS THE INSIDE HAND OF WORLD DOMINATION FROM PAST, TO THE PRESENT AND INTO THE FUTURE. THE SPEECH WAS MAS MADE JANUARY 11TH, 2010. THE NEXT 19 MINUTES MAY OPEN YOUR MIND TO A VERY DELIBERATE WORLD.

HE TELLS THE GRAD STUDENTS WHAT'S COMING, A "TECTONIC SHIFT" IN WEALTH FROM THE WEST TO THE EAST. BUT HE DOESN'T TELL THE STUDENTS THAT IT IS HIS INSTITUTION, THE WORLD BANK, THAT'S DIRECTING AND CHANNELING THESE CHANGES.

I will never forget this moron Cramer having Angelo Mozilo on his show and telling everyone to buy Countrywide. Mozilo was selling every share he owned. Cramer said it was his company and he was entitled to "take a little money off the table." That was the coincident moment when I quit watching this f*cktard.

The insurer American International Group Inc is suing Bank of America Corp to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank.

I am surprised at this, Dow futures now down 255 and fair value down 293 for Tuesday, I would have thought short covering and margin call activity would have made the morning after something of a non event, but Nikkei is off 400 and Hang Seng over 7.2%.

I think this will calm overnight and it will be a moderate day on US markets either way, but if it is not then there is no support level that will stop what is inevitable anyway. Is Ben having a problem getting those helicopters warmed up?